Standard Chartered builds its commodities derivatives team

Singapore becomes the home of Standard Chartered's new Asia-Pacific commodities derivatives team.

As part of the continued growth of its global rates and foreign exchange RFX business, Standard Chartered Bank has established a commodities derivatives desk in both Singapore and London.

The bank says it chose Singapore for the Asia-Pacific desk because local regulators have been developing this market with legislative reforms, joint ventures with international exchanges like NYMEX, and tax incentives for investors.

Standard Chartered's commodity-derivatives team will cover the full spectrum of precious metals, base metals, energy and soft...